Missouri's Sports Betting Market: Excitement and Prospects

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00:00But I know you have an updated story over at Legal Sports Report about one of the companies

00:07that may be live in Missouri, I guess at some point, fair?

00:12Yeah, definitely fair.

00:13Yeah, I don't, I don't know where exactly those December dates came from, because I

00:16don't think there's any truth to those at any point.

00:18I mean, the election, which we know we've talked about on the show was incredibly close.

00:23It was within, you know, the 4%, whatever, it was a couple hundred votes really of, of,

00:29you know, being a yes or a no.

00:30So that's not certified until December 10th.

00:33So I mean, the December 1st to be live would have been asinine.

00:37But yeah, it was, we've also heard from the director that they're going to try to get

00:40emergency regulations in place for applications in January, and hopefully be up sometime this

00:45spring is basically what I'm hearing now.

00:47So, you know, Missourians will get it soon enough, I suppose.

00:51But yeah, Bett Rivers, the Rush Street Interactive CEO, Richard Swartz, had a, you know, presentation

00:57at some event last week, and he, he was very excited about Missouri, he said, it's a great

01:01market.

01:02It's a lot of great sports, you know, great sports ecosystem, you got six professional

01:06teams, Kansas City and St. Louis are both very vibrant in their support of their teams.

01:11And he likes what it potentially, you know, holds there.

01:15And of course, every market or every operator is going to be excited about this market,

01:18because it's the first new market and, you know, a while now.

01:23And so it's, of course, a good time for user acquisition, which will, of course, boost

01:26the bottom line to all these operators.

01:29So Bett Rivers is excited about it, which is kind of notable, because one, they're not

01:33directly tied to any of the casino companies that have casinos in Missouri.

01:39And I don't, I haven't gone through it exactly, but I can't recall a team partnership they

01:44have either.

01:45So they're gonna have to find a partner, there's plenty of slots open for them.

01:49So we'll see where they end up and how they end up getting their license.

01:54The other kind of notable thing is we've heard RSI talk about Bett Rivers kind of pulling

01:59down their efforts in sports betting only states and focus more on their online casino

02:05product, which does do very well comparatively to the other OSB operators that do have online

02:11casino products that do well.

02:13So that's something of note, because he also said this sets Missouri up to potentially

02:18be a good candidate to legalize online casino in the near future, which, of course, is kind

02:23of the big thing that every one of these companies wants, because it's so much more

02:27lucrative than sports betting.

02:30Of course, he put some caveats there, he said, it's not gonna be this year that they, you

02:35know, legalize it.

02:36Right.

02:37We know there's gonna be a lot of unlikely efforts this year.

02:40Right now, you know, the headwinds are against online casino for the most part.

02:45So it's a lot of education that needs to get done, the proponents need to do to get legislators

02:51on board and to get casino.

02:54You know, we've talked about the cannibalism concerns of in-person casinos that they need

02:59to kind of have fears alleviated.

03:01So it's a it's a really interesting kind of comment from Schwartz because of that.

03:07So anyway, a company very interested in Missouri.

03:10I know we're going to start seeing a lot of other company executives also express their

03:14interest and excitement for Missouri to go live.

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